All Employee Benefits articles in Web Issue – Page 691
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Article
Arco awarded for health and wellbeing
Arco has been awarded bronze status in the Healthy Workplace Awards for its dedication to the staff health and wellbeing.The safety organisation’s Hull-based national distribution centre (NDC) provided evidence of consistent commitment to a long-term healthy workplace, including documentation and photographs of on-site wellbeing events and health promotions.Arco also provides ...
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ArticleInterview with Rosemary Crabb, senior manager, flexible benefits, Nationwide Building Society
The secondment followed a four-year stint with an absence management team at the building society.“Back in 2004, [the flex team was] looking at migrating [benefits] online, whereas previously enrolment for flex had been paper- and brochure- based,” says Crabb.“They were actually integrating the rewards platform, and I was aware they ...
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Article
Employers challenged to pay living wage
The national living wage rose by 20p from £7.45, while London saw a 25p rise from £8.55. The increases coincided with Living Wage Week, 4-8 November, when many employers sought to raise awareness and interest in paying the living wage.Richard Wilcox, managing director at Unity Trust Bank, which pays the ...
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Article
Legal & General launches group life master trust
Legal and General has introduced a master trust option for its group life assurance product.The option is aimed at helping to save on cost and time for employers and their advisors. The trust enables employers to set up and offer group life assurance as a benefit for staff, without needing ...
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Article
Standard Life launches auto-enrolment product for SMEs
Standard Life has launched an online auto-enrolment product, aimed at helping small and medium-sized enterprises (SMEs) to manage their legislative duties.The online product, called ’Good to go’, provides:A decision on pension scheme terms in 60 seconds.The ability to set up a new qualifying pension scheme in six minutes.Online support to ...
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Article
Employee Benefits award win boosts value of benefits
Nadeen Barker-Jackson, reward consultant at Axa UK, explains what it means to win an Employee Benefits’ award.Axa UK was awarded ‘Best car and travel benefits’ at the Employee Benefits Awards 2013.What has winning an Employee Benefits’ award meant to you and to your team?Winning the award has been a fantastic ...
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Article
Scottish university staff join pay strikes
Scottish university staff have joined other university employees across the UK in strike action over pay.Members of the Educational Institute of Scotland (EIS) have joined members of trade unions Unite, Unison and the University and College Union (UCU) to strike on 3 December. Members of Unite, Unison and UCU staged ...
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Article
Explore future trends at Employee Benefits Connect
This is the place for HR and benefits professionals to come together to explore the latest innovations and forward-thinking ideas on employee benefits and techniques to attract and retain the best talent.By taking the time to think ahead and make long-term strategic plans, HR and benefits professionals can deliver the ...
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OpinionSimon Chinnery: Plenty of guidance on good governance
Evidence points to the majority of savers wanting someone to take responsibility for their investment decisions, so figures of 70-85% of scheme members opting for the default strategy are the norm. The millions of new savers entering DC for the first time as a result of auto-enrolment is likely to ...
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Case Studies
Towry creates default fund to help staff spread investment risk
The organisation has mirrored the risk profile-based investment approach that it offers to private clients when looking at retirement planning for its own staff. The strategy is a mix of different asset classes.The lifestyle investment strategy Towry created is a blend of a growth-based and a managed approach, a bond ...
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Article
P&MM adds The White Company to reward programmes
P&MM has added The White Company to its range of reward and recognition programmes.The retailer will join P&MM’s pre-paid gift card programme, Spree, which can be used in more than 32 million outlets worldwide.The White Company gift vouchers will also be added to P&MM’s reward platforms, including RewardBanking, Lifestyle and ...
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Article
25% of expats not offered moving allowance
A quarter (25%) of expatriates were not provided with a moving allowance from their employer, according to research by Lloyds Bank.Its research, which surveyed 1,039 British expatriates in 13 destinations, found that 26% said their employer had not helped with housing costs.The research also found that:69% of respondents did not ...
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Article
Denplan enhances product range
Denplan has enhanced the benefit limits across its Lucent product range.It will now also cover dental implants as standard and has added two new levels of cover.Other changes include:Increased cover for mouth cancer of up to £20,000.Increased hospital cash benefits.Increased cover for call-out fees.Unlimited cover for telephone consultations.Pam Whelan, head ...
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Article
Third of small employers worried about auto-enrolment
Two out of five (39%) of small employers are worried about the ‘damaging’ impacts of auto-enrolment, according to research by payroll software provider Sage UKI.The research, which surveyed 500 small employers, found that 40% of respondents are worried about the administrative costs of setting up and managing auto-enrolment, while 51% ...
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Article
United Response sees 3.6% auto-enrolment opt out
EXCLUSIVE: Charity care provider United Response has seen opt-out rates of 3.6% following the implementation of auto-enrolment.Only 52 of the 1,451 employees who were auto-enrolled on 1 October 2013 opted out of its stakeholder pension scheme, which is provided by Friends Life.The organisation now has 2,618 of its 3,500 employees ...
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Article
Employer NICs for under-21s to be abolished
Autumn Statement 2013: The government is to abolish employer national insurance contributions (NICs) for under-21s earning under £813 a week.From 6 April 2015, employers will no longer be required to pay the contributions.Chancellor George Osborne announced in the Autumn Statement that the reform will make it cheaper for organisations to ...
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Article
Basic state pension to increase by £2.95 a week
Autumn Statement 2013: The basic state pension will increase by £2.95 per week from April 2014, as announced by Chancellor George Osborne (pictured) in the Autumn Statement 2013.The increase is in line with the triple lock, which means that the full basic state pension in 2014/15 will be around £8.50 ...
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Article
Government to pilot public sector pay cost control
Autumn Statement 2013: Chancellor George Osborne has announced that the government will pilot a pay bill control to tackle public sector pay costs.This will replace the 1% cap on pay awards for a small number of government organisations that will take part in the pilot from 2014.The pay bill control, ...
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Article
Tax exemption on bonuses under employee ownership
Autumn Statement 2013: The government is to provide an annual exemption from income tax on bonuses or equivalent payments on amounts up to £3,600 paid to employees of organisations that are indirectly employee-owned.This is part of a package of measures for the government to provide an additional £25 million to ...
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Article
Government to extend tax exemption on employer-paid healthcare
Autumn Statement 2013: The Autumn Statement 2013 has confirmed the government is to introduce a tax exemption on amounts of up to £500 paid by employers for medical treatment for employees. This was first announced in the Budget 2013,In response to a consultation into how to implement the tax relief, ...